Maryellen Epplin Notices That a Particular T-Bill Has a Banker's

Multiple Choice

Maryellen Epplin notices that a particular T-Bill has a banker's discount rate of 9 percent in the Wall Street Journal.She knows that this T-Bill has 20 days to maturity and has a face value of $10,000.
What price is this T-Bill selling for in the market?

A) $9,100
B) $10,000
C) $9,950
D) $1,900
E) None of the options is correct.